Culled—Proshare 3/11/2016/Research The microeconomic challenges that influenced business outlook in 2015 financial are largely unresolved in 2016 as bearish macroeconomic indicators had shown. Nigerian Banks are still facing headwinds within a tougher operating environment. The recessionary environment, shortage of FX, technical devaluation of currency and floating of Naira, increase in […]
Results & Dividends
Dangote Cement Plc: Revision to Estimates
November 3, 2016/Cordros Research We have revised forecasts for DANGCEM going into 2017, considering (1) price action and competition (from LAFARGE whose production faced repeated interruptions in 2016) in Nigeria, which should impact sales volume; (2) likely price weakness in Pan Africa markets on intense competition; (3) higher (than expected) […]
Zenith Bank Plc – Peak of the Pack?
Culled—Proshare November 3, 2016/GTI Research Investment Highlight 9M -2016: Gross Earnings up 12.9%, net income by 20.44%, boosted by FX revaluation gains Zenith Bank (‘’The Company’’) released its interim 9M -2016 result for the period ended September, 30 2016 on 24th October 2016. The Company reported a 12.9% rise in […]
